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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

Panelists are now expressing concern about a softening in the economy, as new order rates contracted for the second month amid developing anxiety about excess inventory in the supply chain. Overstock of raw materials due to prior supply chain issues and slowing orders.” ” [Computer & Electronic Products].

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5 Statistics That Show California Manufacturing is Alive and Well

CMTC Manufacturing Tech

The pandemic's impact on labor and supply chains contributed to the false notion that California‘s manufacturing industry is declining, but the Golden State’s output has exceeded national averages by 83% since the 1990s. Between 2010 and 2020, high and medium-high tech manufacturing in California saw employment growth rates of 5.4%